ABG Sundal Collier acted as sole Manager and Bookrunner for Cegal in connection with the NOK 1,550m bond issue

Cegal Group AS (“Cegal”), a leading provider of mission critical hybrid cloud solutions, software products and consultancy services within IT, business, geoscience, and data management, has successfully raised a NOK 1,550m senior secured bond. The proceeds from the bond  issue will be used to refinance Cegal’s existing bond and for general corporate purposes. The bond will be listed on the Oslo Stock Exchange.
The bond issue received strong demand from high quality institutional investors and the transaction was substantially oversubscribed. This enabled a close of book in two days with a coupon set at 3mN + 500bps – well below the initial price guidance of 3mN+ 525-550 bps.